Solar Panel Cost Guide in Carver, MA (2023 Update)
- Carver Solar Installation Cost: $8,520
- 25-Year Savings: $16,611
- Payback Period: 8.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Carver
We go over average solar pricing in Carver.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Carver, the typical cost of solar panels is 2.94 per watt. Using this figure, a typical 4.1-kW system would cost about $8,520 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what company you go with. Despite the large initial cost, the average Carver homeowner can save about $23,000 on their electricity bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Carver
| Year | Return on Investment |
|---|---|
| 1 years | $-7,515 |
| 3 years | $-5,504 |
| 5 years | $-3,494 |
| 7 years | $-1,483 |
| 9 years | $527 |
| 11 years | $2,538 |
| 13 years | $4,548 |
| 15 years | $6,559 |
| 17 years | $8,569 |
| 19 years | $10,580 |
| 21 years | $12,590 |
| 23 years | $14,601 |
| 25 years | $16,611 |
Top Solar Installers in Carver
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be challenging. Also, if you'd like to maximize your investment in solar power, going with a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you're searching for a solar company in Carver, the EcoWatch team has compiled a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Carver
Factors that Affect Solar Panel Costs in Carver
The cost of installing a solar system in Carver can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,940. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Carver, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Carver is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for example, you'll have many options for solar installers that offer a range of services at different costs. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.06 | $12,842 | $23,597 | 8.8 years |
| 8 kW | $3.00 | $16,793 | $31,792 | 8.6 years |
| 10 kW | $2.94 | $20,580 | $40,152 | 8.5 years |
| 12 kW | $2.88 | $24,202 | $48,676 | 8.3 years |
| 14 kW | $2.82 | $27,660 | $57,365 | 8.1 years |
| 16 kW | $2.76 | $30,952 | $66,219 | 8.0 years |
| 18 kW | $2.70 | $34,080 | $75,237 | 7.8 years |
| 20 kW | $2.65 | $37,044 | $84,420 | 7.6 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Carver, MA Solar Cost FAQs
How much does it cost to install solar panels in Carver?
The average cost of solar panels in Carver is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Carver is currently $286,657, which means you could be looking at a value of about $11,753 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Carver is a worthwhile investment.
How long do solar panels last in Carver?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.